Episode 9 – Leaving a Legacy Through Charitable Giving Part 1

It’s the holiday season, a time of giving, so we’re jumping back into our conversation about estate planning with today’s focus on charitable giving.

Episode 9 ⁠–⁠ Leaving a Legacy Through Charitable Giving Part 1

In this episode, Frankie and Sarah speak with Frank Cerisano ⁠–⁠ who is CEO of the Bowmanville Hospital Foundation ⁠–⁠ about charitable giving from a will perspective. In this conversation, they discuss the importance of researching charities before making a bequest, the potential issues with overly restrictive donations and the role of a lawyer in the executor's process. They also express concerns about proposed changes to tax rules that could impact charitable giving.

Frankie, Sarah and Frank discuss:

Why it’s important to do research and confirm a charity aligns with your values
The benefit of having a fixed donation in your will, rather than a percentage
Why families may contest the will when there’s been a bequest to a charity
The importance of communicating your charitable donation with the family
Initial steps the executor should take when there is a large bequest to a charity